As investors are finding out, the Urbandale Area Investment Properties in Battle Creek are quite accessible to the Fort Custer Business Park District, which employs people that work at DENSO and related factories in the Industrial park. One can take a short cut through Fort Custer Drive from Michigan Ave, and arrive on Dickman Road within minutes from Urbandale.
Urbandale is also accessible to not only Battle Creek, but also Augusta, Galesburg and Comstock in Kalamazoo County. Urbandale has bus lines, grocery stores, shopping plazas and a small commercial district.
Another reason Urbandale Area Investment Properties are popular with investors, is that the homes are very similar in design and construction in the area. A lot of the homes can be acquired for an investment under $50,000 and the square footage of the homes is very consistent. A common Square footage for Urbandale Area Investment Properties is in the range between 800 to 950 square feet. One can acquire 2 and three bedroom homes in this size, and it is easy to predict a rental return on the investment.
A majority of the homes are ranch designs, and come with and without a garage. Another interesting aspect is that a majority of the homes were built in the 1940's and 1950's, so they all have a similar construction, and troubleshooting becomes more predictable when encountering repairs. So Urbandale Area Investment Properties have a consistency of construction that other areas of Battle Creek does not.
Landlords have reported to me that rent for a three bedroom in their Urbandale Area Investment Properties range from $600 to $700 for a 3 bedroom, and $550 to $650 for a 2 bedroom depending on the proximity to the schools and bus lines. So, when looking at an initial expenditure for Urbandale Area Investment Properties, one has the purchase price, the cost of repair, and any operating costs such as insurance and property taxes to consider.
With some sales prices for bank owned REO (Stands for ‘Real Estate Owned') properties, investors are sometimes acquiring these homes in the 800 to 900 square foot range for as low as $25,000. With some luck, and quick action in buying the homes, one can pick up Urbandale Area Investment Properties which will bring a good monthly profit margin, or ‘return on investment'.
Some of the homes I have helped investors acquire in the area are fully paying back their original investment in 2 to 3 years, which makes the future returns much higher. With the stock market being unpredictable, it makes sense for investors to focus on deals in rental properties.
Working with a Realtor that knows the area, and has rentals of his own in Urbandale, can help you isolate the best properties for you to start with. Urbandale Area Investment Properties are a good starting point for any Battle Creek area investor. Give me a call if you are interested in Urbandale Area Investment Properties, and I will help you acquire some good ones to get you started.
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2010 'REALTOR OF THE YEAR'
For the Battle Creek Area Association of Realtors
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